Goodrich reported fourth quarter net income of $148 million on sales of $1,806 million. In the fourth quarter 2009, the company reported net income of $105 million on sales of $1,642 million. For the full year of 2010, the company reported net income of $579 million on sales of $6,967 million, compared to the full year of 2009 net income of $597 million on sales of $6,686 million. Goodrich reported income from continuing operations of $577 million on sales of $6,967 million, compared to income from continuing operations of $563 million on sales of $6,686 million for the full year of 2009.
The company’s full year 2011 sales expectations are unchanged at approximately $7.7 – $7.8 billion, representing growth of about 11% from the full year 2010 results. Organic growth is expected to be approximately 8 – 9%. The outlook for 2011 net income per diluted share has been increased to a range of $5.30 – $5.45, an increase of 18 – 21% compared to 2010 net income per diluted share.
